1. The sales decay for a product is given by S = 50,000e-0.6x, where S is the...
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2. If $1000 is invested at 12%, compounded monthly, the future value S at any time t (in years) is given by
S = 1000(1.01)12t
How long will it take for the amount to double?
3. With data from the International Data Base of the U.S. Bureau of the Census, the accompanying figure shows a scatter plot of actual or projected world population (in billions) in 5-year increments from 1950 to 2050 (x = 0 in 1945). Which of the following functions would be the best model: exponential growth, exponential decay, logarithmic, or logistic? Explain.
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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